PM Nguyen Xuan Phuc underlines the need to simplify administrative procedures and develop the “one-stop-shop” mechanism to shorten licensing duration, cut export costs and accelerate customs clearance (Source: VNA) Hanoi (VNA) – PrimeMinister Nguyen Xuan Phuc has set facilitating business and export activitiesas an urgent task to realise free trade agreements (FTAs) Vietnam has signed.
In Directive 38/CT-TTg, PM Phuc, also head of the National Steering Committeeon International Integration, assigned ministries and ministerial-level andGovernment agencies to channel resources into effectuating the FTAs.
It is also necessary to simplify administrative procedures and develop the“one-stop-shop” mechanism to shorten licensing duration, cut export costs andaccelerate customs clearance, he said.
Apart from amending and scrapping regulations unsuitable with commitments ofthe FTAs, ministries and agencies should propose measures to the Ministry ofIndustry and Trade (MoIT) to protect Vietnam’s rights and interests in case theFTAs are violated.
The regulations of the FTAs shouldalso be made clear to different sectors to avoid misunderstandings, the leadersaid, adding that intellectuals and experts should be helped to assess the impactsof international integration on Vietnam.
The competitiveness of sectors should be evaluated to devise plans aiming topromote those with a competitive edge and adjust production of less competitivesectors and businesses, thus maximising benefits generated by the FTAs, the PMsaid.
The MoIT was also assigned to workwith other ministries, agencies, institutes, associations and the VietnamChamber of Commerce and Industry (VCCI) to make the best use of incentivesoffered by FTAs in each sector. The outcomes will serve as a basis to roll outactivities helping Vietnamese enterprises take deeper steps into regional valuechains.
PM Phuc also asked the ministry to work on non-tariff measures like technicalbarriers and trade protection measures allowed in the World Trade Organisationand FTAs to protect the rights of domestic firms in the face of fiercecompetition with foreign rivals.
He also suggested the ministry intensify, renovate and diversify tradepromotion activities, update product and market information, and expanddistribution channels, with attention paid to FTA members.
The Ministry of Foreign Affairs was urged to monitor regional and internationalpolitical, security and economic developments, as well as Vietnam’s foreignrelations to forecast and propose measures for issues that may affect tradeties between Vietnam and its FTAs partners.
PM Phuc requested the Ministry of Planning and Investment to partner with otherministries and agencies to review domestic business conditions, making them suitablewith relevant international treaties.
Meanwhile, the Ministry of Science and Technology was asked to increaseinternational scientific and technological studies to apply advances inproduction, while paying attention to intellectual property protection.
People’s Committees of cities and provinces need to raise awareness of localfirms about international economic integration in general and FTAs inparticular.
The VCCI should strengthen integration capacity and competitiveness of itsmember businesses, promote ties with foreign counterparts to help its membersseek promising partners and expand business networks, and exchange informationand experience in FTA implementation with its foreign counterparts, PM Phucsaid.-VNA
In Directive 38/CT-TTg, PM Phuc, also head of the National Steering Committeeon International Integration, assigned ministries and ministerial-level andGovernment agencies to channel resources into effectuating the FTAs.
It is also necessary to simplify administrative procedures and develop the“one-stop-shop” mechanism to shorten licensing duration, cut export costs andaccelerate customs clearance, he said.
Apart from amending and scrapping regulations unsuitable with commitments ofthe FTAs, ministries and agencies should propose measures to the Ministry ofIndustry and Trade (MoIT) to protect Vietnam’s rights and interests in case theFTAs are violated.
The regulations of the FTAs shouldalso be made clear to different sectors to avoid misunderstandings, the leadersaid, adding that intellectuals and experts should be helped to assess the impactsof international integration on Vietnam.
The competitiveness of sectors should be evaluated to devise plans aiming topromote those with a competitive edge and adjust production of less competitivesectors and businesses, thus maximising benefits generated by the FTAs, the PMsaid.
The MoIT was also assigned to workwith other ministries, agencies, institutes, associations and the VietnamChamber of Commerce and Industry (VCCI) to make the best use of incentivesoffered by FTAs in each sector. The outcomes will serve as a basis to roll outactivities helping Vietnamese enterprises take deeper steps into regional valuechains.
PM Phuc also asked the ministry to work on non-tariff measures like technicalbarriers and trade protection measures allowed in the World Trade Organisationand FTAs to protect the rights of domestic firms in the face of fiercecompetition with foreign rivals.
He also suggested the ministry intensify, renovate and diversify tradepromotion activities, update product and market information, and expanddistribution channels, with attention paid to FTA members.
The Ministry of Foreign Affairs was urged to monitor regional and internationalpolitical, security and economic developments, as well as Vietnam’s foreignrelations to forecast and propose measures for issues that may affect tradeties between Vietnam and its FTAs partners.
PM Phuc requested the Ministry of Planning and Investment to partner with otherministries and agencies to review domestic business conditions, making them suitablewith relevant international treaties.
Meanwhile, the Ministry of Science and Technology was asked to increaseinternational scientific and technological studies to apply advances inproduction, while paying attention to intellectual property protection.
People’s Committees of cities and provinces need to raise awareness of localfirms about international economic integration in general and FTAs inparticular.
The VCCI should strengthen integration capacity and competitiveness of itsmember businesses, promote ties with foreign counterparts to help its membersseek promising partners and expand business networks, and exchange informationand experience in FTA implementation with its foreign counterparts, PM Phucsaid.-VNA
VNA
